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Central Bank’s Broad Money Liabilities up by Rs2.6 billion

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Broad Money Liabilities (BML) rose by Rs2.6 billion or 0.3%, from Rs763.3 billion as at end-April 2021 to Rs765.9 billion as at end-May 2021, mostly reflecting the increase in deposit liabilities.

Broad money is a method for measuring an economy’s money supply, accounting for cash and other assets easily converted into currency.

According to a document just released by the Bank of Mauritius, year-on-year (y-o-y) BML grew by 19.6%in May 2021, down from 20.2% in April 2021. “All the components of BML, with the exception of debt securities, contributed to the y-o-y increase in May 2021,” the BoM said.

The Central Bank added that over the month, net foreign assets (NFA) of depository corporations rose by Rs50.3 billion or 6.5%, from Rs777.7 billion as at end-April 2021 to Rs828.0 billion as at end-May 2021. 

“Y-o-y, NFA grew by 22.7 % in May 2021, compared to a lower growth of 15.4% in April 2021.”

Claims on other sectors (excluding financial derivatives) went up by Rs4.9 billion, or by 0.9 % to Rs578.2 billion in May 2021. Y-o-y, claims on other sectors (excluding financial derivatives) went up by 15.0% in May 2021, higher than the increase of 14.0% registered in the previous month. Net claims on central government rose by Rs5.8 billion, or by 6.4% to Rs97.2 billion in May 2021.

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